Solana (SOL) competitor Sui broke up on Thursday after the news broke that the Crypto Exchange-Traded Fund (ETF) provider 21shares filed for a SUI ETF spot in the US.
Sui traded around $ 3.56 before the announcement and jumped at a high $ 3.75 a few hours later, an increase of more than 5%.
The 13th-ranked Crypto Asset by Market Cap has since retreated and traded at $ 3.57 at the time of writing.
Duncan Moir, president of 21shares, Says The File of Sui ETF, which is subject to approved from the US Securities and Exchange Commission (SEC), reflects consumer demand and the project's beliefs in the project.
“Since our earliest research on SUI, we believe it can be one of the most eager blockchains in the industry, and we see that the thesis is playing.”
Crypto Asset Manager Canary Capital also has Filed for a sui etf. The SEC is currently launching more than 70 applications for various products exchanged by the crypto exchange, according to a list compiled by James Seyffart, an ETF analyst at Bloomberg Intelligence.
Sec Greenlit was the first place of the Bitcoin ETFS market in January 2024, carrying billions -billions of dollars worth flowing to the top digital asset through the market cap, and the regulator subsequently approved the ETFERM ETFs for trading last July.
Follow us at X, Facebook and Telegram
Do not miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check price action
Surf with the sun -day hodl mix
& nbsp
Denial: Opinions expressed in Daily Hodl are not investment advice. Investors should do their appropriate hard work before making any investments at high risk to bitcoin, cryptocurrency or digital assets. Please advise that your transfers and trading are at your own risk, and any losses you can achieve is your responsibility. Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, or the sun -day hodl an investment advisor. Please note that the day -to -day hodl participates in affiliate marketing.
Formed image: midjourney
